Section image
Cherries
oil on canvas
22 x 20 in
1981
Penny Machines
oil on canvas
23¾ x 29¾ in
1961
Stack of Books
oil on canvas
30 x 24 in
n.d.
Seven Suckers
oil on canvas
19 x 23 in
1970
Twin Jackpots
oil on canvas
30 x 46 in
1962
Ties
oil on canvas
20 x 26 in
1980
Notes 32-40
- 32. Accounting policies
- 33. Interest payable and similar charges
- 34. Taxation on loss on ordinary activities
- 35. Fixed asset investments
- 36. Debtors
- 37. Creditors: amounts falling due within one year
- 38. Creditors: amounts falling due after more than one year
- 39. Equity share owners’ funds
- 40. Guarantees and other financial commitments
39. Equity share owners’ funds
Movements during the year were as follows:
| Ordinary share capital £m | Share premium account £m | Shares to be issued £m | Own shares £m | Profit and loss account £m |
|
|---|---|---|---|---|---|
| 1 January 2010 | 125.6 | 12.6 | 5.5 | (9.5) | 4,161.7 |
| Ordinary shares issued | 0.8 | 41.9 | (2.4) | – | 2.1 |
| Dividends paid | – | – | – | – | (13.4) |
| Loss for the year | – | – | – | – | (31.9) |
| Equity granted to employees of subsidiaries | – | – | – | – | 70.4 |
| Treasury share utilisation | – | – | – | 1.0 | (1.0) |
| 31 December 2010 | 126.4 | 54.5 | 3.1 | (8.5) | 4,187.9 |
Reconciliation of movements in equity share owners’ funds for the year ended 31 December 2010:
| 2010 £m | 2009 £m |
|
|---|---|---|
| Loss for the year | (31.9) | (22.3) |
| Equity granted to employees of subsidiaries | 70.4 | 54.9 |
| Other ordinary shares issued | 42.4 | 3.5 |
| Transfer from investments | – | (1.5) |
| Dividends paid | (13.4) | (22.3) |
| Treasury share additions | – | (9.5) |
| Net additions to equity share owners’ funds | 67.5 | 2.8 |
| Opening equity share owners’ funds | 4,295.9 | 4,293.1 |
| Closing equity share owners’ funds | 4,363.4 | 4,295.9 |
At 31 December 2010 the Company’s distributable reserves amounted to £4,055.4 million (2009: £4,099.6 million). Further details of the Company’s share capital are shown in note 26.